Tiger Industries produces cat-eye road reflectors. In the year ended 30 June 2022, Tiger Industries produced...

 

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Tiger Industries produces cat-eye road reflectors. In the year ended 30 June 2022, Tiger Industries produced 1.2 million units and sold 1.0 million units. The variable manufacturing cost is $0.55 per unit. Other costs are as follows: Fixed cost $480 000 $700 000 Variable cost Manufacturing cost Marketing costs $500 000 What is the cost of goods sold (COGS) expressed in dollars per unit, to the nearest cent? Tiger Industries produces cat-eye road reflectors. In the year ended 30 June 2022, Tiger Industries produced 1.2 million units and sold 1.0 million units. The variable manufacturing cost is $0.55 per unit. Other costs are as follows: Fixed cost $480 000 $700 000 Variable cost Manufacturing cost Marketing costs $500 000 What is the cost of goods sold (COGS) expressed in dollars per unit, to the nearest cent?

Answer rating: 100% (QA)

To calculate the cost of goods sold COGS per unit we need to consider the total manuf... View the full answer